Common use of Insurance Recoveries Clause in Contracts

Insurance Recoveries. The amount of any Damages the Seller Group may otherwise be entitled to recover under this Section shall be reduced by the net amount the Seller Group recovers (after deducting all attorneys' fees, expenses and other costs of EXHIBIT 10.21 recovery) from any insurer or other party liable for such Damages, and the Seller Group shall use reasonable efforts to effect any such recovery.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Aqua Chem Inc), Agreement and Plan of Reorganization (Aqua Chem Inc)

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Insurance Recoveries. The amount of any General Indemnity Damages the Seller Purchaser Group may otherwise be entitled to recover under this Section shall be reduced by EXHIBIT 10.21 the net amount the Seller Purchaser Group recovers (after deducting all attorneys' fees, expenses and other costs of EXHIBIT 10.21 recovery) from any insurer or other party liable for such General Indemnity Damages, and the Seller Purchaser Group shall use reasonable efforts to effect any such recovery.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Aqua Chem Inc), Agreement and Plan of Reorganization (Aqua Chem Inc)

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